Meetings clouded by wars, slow growth, US election
Global finance chiefs meet in Washington amid wars, weak Chinese economy, and US election trade concerns.
Floods destroy 1.1mn tons of rice in Bangladesh
DHAKA: Floods in Bangladesh have destroyed an estimated 1.1 million metric tons of rice, according to data from the agriculture ministry, prompting...
US reports third largest budget deficit
Deficit tops $1.8tr on high debt costs, spending on social security
India seeks mineral agreement with US
Eyes broader trade pact by establishing FTA framework, minister says
India’s FX reserves log worst fall in 2-1/2 years
MUMBAI: India’s foreign exchange reserves dropped for a second consecutive week, falling to a one-month low of $690.43 billion as of Oct....
Oil prices flat as investors await US inventory data
Prices have also fallen as fears of a retaliatory attack by Israel on Iran easedÂ
European companies cut jobs as economy sputters
Companies ranging from banks to pharma and aviation freeze hiring or cut jobs due to elevated levels of inflation and impact of the Ukraine war
Airbus to cut up to 2,500 jobs in space, defence unit
PARIS: European aviation giant Airbus plans to cut up to 2,500 jobs in its struggling defence and space division, a source close...
Boeing seeks $35b as strike hammers finances
Files to raise up to $25b via stock, debt offerings; enters $10b credit agreement
Brexit hit London: 40,000 jobs lost so far, surpassing earlier estimates
Despite losses, London has rebounded to 615,000 workers, expanding in sectors like insurance, data analysis
China may raise $850bn in new debt over three years to spur growth: report
Part of the funds to ease local govt debt burden; report follows finance ministry pledge to sharply boost debt
OPEC cuts demand growth forecast again
OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also...
IMF says global public debt to top $100 trillion, growth may accelerate
Latest Fiscal Monitor report shows global public debt will reach 93% of global GDP by the end of 2024 and approach 100% by 2030
Greater investment critical for Pacific’s economic future as growth slows: World Bank
Report underscores the urgent need for targeted investment to create jobs, improve infrastructure, and build resilience against climate change as growth falls to 3.6% in 2024Â
Nvidia notches record close, could unseat Apple as most valuable company
Latest gains lifted Nvidia's market value to $3.39 trillion, just below Apple's $3.52 trillion value and above Microsoft's $3.12 trillion